Carpenter Technology Co. (NYSE:CRS) Stock Holdings Boosted by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its stake in Carpenter Technology Co. (NYSE:CRS - Free Report) by 107.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,099 shares of the basic materials company's stock after purchasing an additional 38,945 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.15% of Carpenter Technology worth $12,745,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CRS. Cerity Partners LLC acquired a new stake in Carpenter Technology during the third quarter valued at approximately $540,000. The Manufacturers Life Insurance Company raised its position in shares of Carpenter Technology by 3.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,838 shares of the basic materials company's stock valued at $4,442,000 after acquiring an additional 908 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of Carpenter Technology by 7.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 2,423 shares of the basic materials company's stock valued at $384,000 after acquiring an additional 169 shares in the last quarter. Centiva Capital LP lifted its stake in Carpenter Technology by 143.4% during the third quarter. Centiva Capital LP now owns 8,584 shares of the basic materials company's stock worth $1,370,000 after purchasing an additional 5,057 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Carpenter Technology in the third quarter worth $84,000. Institutional investors own 92.03% of the company's stock.

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Wall Street Analysts Forecast Growth

CRS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Northcoast Research raised shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a report on Wednesday. Finally, BTIG Research set a $230.00 target price on Carpenter Technology in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.17.

Carpenter Technology Stock Performance

NYSE:CRS traded up $21.83 during mid-day trading on Wednesday, hitting $173.13. The stock had a trading volume of 1,895,237 shares, compared to its average volume of 733,905. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The company has a 50 day simple moving average of $186.39 and a 200-day simple moving average of $180.22. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 0.93 and a beta of 1.28. Carpenter Technology Co. has a 52 week low of $74.21 and a 52 week high of $213.66.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. On average, research analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 28th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Carpenter Technology's dividend payout ratio (DPR) is presently 15.09%.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.